3160 Brian RdSalemVA24153
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Salem at 3160 Brian Rd, Salem, VA, 24153 generates $3,034/mo in rent and, after a $2,031/mo payment, leaves $553/mo in cash flow. Total monthly income is $3,034/mo, and annual cash flow is $6,641/yr on $137,573 invested. Return on cash invested sits at 24.74% in year one, and rental yield is 8.77% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 128.47% and total cumulative return in cash sums $176,733. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,034/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
3.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24153, Salem, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,874 (100%) |
| Owner Occupied HU | 11,469 (68.0%) |
| Renter Occupied HU | 4,141 (24.5%) |
| Vacant Housing Units | 1,264 ( 7.5%) |
| Median Home Value | $317,038 |
| Average Home Value | $367,775 |
Housing Distribution
Address Breakdown
Residential
16,321
Single Family
15,046
Multi-Family
1,275
Businesses
1,603
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Listed by: Nathan Hungate • MKB, REALTORS(r) - OAK GROVE
Mls Name: RVAR
Mls Provider:
Mls ID: #916781
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